What is Pi Coin?

Pi Network was founded in 2019 by Stanford University PhD Nicolas Kokkalis and his team, aiming to enable ordinary people to mine cryptocurrency easily. Pi uses mobile mining, eliminating the need for energy-intensive equipment and lowering the entry barrier. Pi currently has over 60 million users, making it one of the fastest-growing cryptocurrency communities worldwide.

Image:https://x.com/PiCoreTeam

Pi Coin Market Performance

After rising to a high of $3, Pi Coin followed the overall market trend and began to decline. On April 1, 2025, the price was around $0.71, with a market value of around $4.86 billion. There has been a significant recent decline, so please trade cautiously and be aware of the risks.

https://www.gate.io/trade/PI_USDT

What is Pi Coin Mainnet Migration?

Pi Coin Mainnet Migration refers to the process of migrating Pi Network token from the testnet to the Mainnet. Pi Network is a cryptocurrency project that relies on mobile mining, and Mainnet migration means that Pi tokens will officially enter the blockchain ecosystem, allowing users to transact on the blockchain.

The significance of Pi Coin Mainnet migration

• Assets truly go on the chain: the Pi on the testnet is just a database record, which will become real assets on the blockchain after migration.
• Support decentralized trading: After migration, users can use Pi on exchanges or decentralized applications (DApps).
• Enhanced network security: Pi Network’s nodes will run on the Mainnet, improving overall security and stability.

On February 20, 2025, the Pi Mainnet officially launched.

Image:https://minepi.com/blog/open-network/

Prerequisites for Pi Coin migration

1. KYC Verification Completion

To successfully complete the Mainnet migration, Pi users must complete KYC (Know Your Customer) identity verification to ensure the legality and security of their accounts.

2. Pi Wallet Binding

Users need to create a Pi Wallet in Pi Browser and link it to their Pi Network account to receive Pi tokens when migrating to the Mainnet.

3. Ensure that the account meets the migration requirements

The Pi Network team has stipulated that only accounts meeting the following conditions can proceed with the Mainnet migration:

• Account has completed KYC verification
• Pi Wallet has been bound
• Nodes or contributors participating in the Pi network

How to Perform Pi Coin Mainnet Migration?

1. Log in to the Pi Browser and visit the Pi Network: Users can access the Pi Network through the Pi Browser and enter the Mainnet migration page for operations.
2. Confirm KYC authentication status: Before the mainnet migration, make sure that your KYC authentication status is displayed as ‘Approved’, otherwise you will not be able to migrate Pi tokens.
3. Bind wallet address: Bind your Pi Wallet address in Pi Browser, which will serve as your Mainnet address for receiving Pi tokens.
4. Apply for Mainnet migration: Enter the Mainnet Migration page, click Apply for migration, and follow the system prompts to complete the operation.
5. Waiting for migration to complete: After submitting the application, the Pi Network team will process the migration request, which typically takes several days to several weeks to complete.

Image:https://minepi.com/blog/complete-grace-period/

What can Pi Coin do after migration?

1. Trade Pi Coin: After the migration is completed, users can trade on exchanges or DApps that support Pi.
2. Participate in the Pi ecosystem: Pi Network plans to launch decentralized applications (DApps), where users can use Pi for payments and interactions.
3. Running Pi nodes: Pi Network relies on decentralized nodes, and users can choose to run Pi Node to support network stability and receive additional rewards.

Conclusion

Pi Coin Mainnet Migration is an important step for Pi Network to move towards the blockchain ecosystem. Users need to complete KYC verification and bind their wallets to migrate smoothly.